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High oil prices cause "large" effect on inflation - NZ Report

Submitted by Denis Tegg on 1 July 2011 - 10:32am | Blog entry

re-posted from my blog - oilshockhorrorprobe

A 2005 study by New Zealand Reserve Bank economist Felix Delbruck ("Oil prices and the New Zealand economy" - Reserve Bank of New Zealand: Bulletin, Vol. 68, No. 4) has found that the inflationary effects of higher oil prices were "quite large". Specifically that :- ยป Read more

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